Pimco Total Return Cut U.S. Government-Related Holdings in September

Holdings Accounted for 38% of Bond Fund at End of Month, Compared With 41% in August

Pimco’s Total Return Fund, the world’s largest bond fund, cut U.S. government-related debt holdings in September amid an abrupt departure of the fund’s famed manager, Bill Gross.

U.S. government-related holdings accounted for 38% of the $201.6 billion bond fund at the end of last month, compared with 41% at the end of August, according to data available late Thursday on Pacific Investment Management Co.’s website.